Fleet Modernization - DHT Holdings, Inc. has taken delivery of the DHT Gazelle, a VLCC newbuilding from Hyundai Samho Heavy Industries, marking the third of four deliveries scheduled for the first half of 2026 [1] - The DHT Gazelle will commence a five- to seven-year time charter contract with a major oil company, enhancing the company's revenue potential [1] - The final newbuilding in the Antilope-class is expected in June 2026, aligning with the scheduled mid-year delivery of the DHT Bauhinia, which was built in 2007 [2] Financial and Operational Strategy - The fully funded state-of-the-art newbuildings are expected to enhance the company's earnings power, fleet efficiency, and service offerings [2] - DHT operates an integrated management structure across multiple locations, including Monaco, Norway, Singapore, and India, focusing on quality operations and customer service [3] - The company maintains a prudent capital structure that supports stability through business cycles, with a disciplined capital allocation strategy that includes cash dividends, vessel investments, debt prepayments, and share buybacks [3]